General Electric Co. and Baker Hughes Inc. announced this Monday a merger that combines GE’s oil & gas technological expertise with Baker Hughes’ oilfield services.
This new company will have a 62.5 percent shareholding from GE and 37.5 from Baker Hughes, with a combined investment of US$32 billion. This operation expects revenues of US$1.6 billion […]Continue Reading →
For the 10th time, the National Hydrocarbon Commission (CNH) modified the bidding basis of Trion’s farm out, allowing participants one extra week to analyze the joint venture contract.
The International Energy Agency (IEA) released its report on Mexico’s outlook, highlighting the benefits of the Energy Reform and saying the country could more than […]Continue Reading →
PEMEX’s strategic sourcing is the process of analyzing all aspects of a purchase including the characteristics of a product and its projected life span with the state-owned company, and collecting information on providers’ services and products is an important step in the Mexican oil giant’s procurement process, the firms’ Planning and Strategic Sourcing Manager said […]
by Lucy Raitano
Mexico could more than double the size of its economy by 2040 while total energy demand would increase by 20 percent, most of it coming from renewables and low carbon sources like natural gas, thanks in no small part to the country’s far-reaching Energy Reform, the International Energy Agency (IEA) forecasted in its Mexico Energy […]Continue Reading →
The France-based geoscience prospector CGG recently announced being awarded a large contract for an orthogonal wide-azimuth integrated solution for PEMEX. This solution will be used for subsalt seismic imaging optimization in the Perdido area. The survey will cover around 10,000 km2 in the Mexican deep-water area and is expected to enhance subsalt imaging results […]Continue Reading →
PEMEX’s board has approved the state-owned company’s second farm-out, the oil giant announced on Tuesday. The joint venture will cover two shallow water fields off the coast of Campeche, Ayin and Batsil, which have proven reserves of 46 million barrels of oil equivalent (boe). Additionally, the fields contain 3P resources of around 281 boe.
“Petróleos […]Continue Reading →